China's Shenghang buys out dissident shareholdersDomestic chemical tanker owner joins a string of shipping companies to leave Beijing's New Third Board over-the-counter exchange in search of other funds

Fesco offloads feeder boxship for over $11mRussian liner operator Fesco has sold another of its feeder containerships. The Vladivostok-based operator has reportedly hived off the 1,730-teu Vladimir (ex-Fesco Vladimir, built 2009) for more than $11m. Fesco shares hit by Magomedov arrest Fesco lines up $13m stock offer European brokers suggest the vessel has been bought by Neptune Pacific Line of Australia. The price is roughly in line

Morgan Stanley takes fire as weak market sinks GoodBulk IPOFailure to launch on Nasdaq is blamed on a 'fundamental lack of demand', but some observers also point the finger at lead investment bank's sale of Star Bulk Carriers shares a day earlier

Don't get caught out by Chinese ship import deadline, brokers warnBuyers risk getting caught in a closing window as Beijing wants all vessels to comply with Tier II

Simon Aust exiting shipbroker Harper PetersenSimon Aust is departing as managing director of German shipbroker Harper Petersen. Aust is set to be replaced by Bjoern Andersen and Arne Corleis at the beginning of August. Rickmers reveals his philosophical approach to shipowning His exit comes just a few months after Erck Rickmers announced he was selling Harper Petersen to the Bremen-based Zeaborn Group. Nils Aden, chief executive of owne

Greek tanker and bulker spend nears $2bn in first halfHellenic hands still writing cheques but overall deal flow and investment is down this year.

Marc Duck paddles to Asia Capital ReA top figure in the fixed premium protection and indemnity market is leaving British Marine to join Asia Capital Re. Marc Duck, a former Steamship Mutual and UK Club claims executive, switched to the fixed premium market in 2010. He initially worked for British Marine, the biggest of the fixed premium P&I insurers in London, but relocated to be head of P&I claims for the parent outfit, Australian

Ulstein wins race for Nexans Subsea newbuildingUlstein Verft has won a hotly-contested contract for a large cable laying vessel. Nexans Subsea Operations has booked the DP3 newbuilding at the Norwegian shipyard, it announced today. Sunstone set to ink expedition cruiseship contract Gunvor Ulstein, chief executive of the Ulstein Group, said in a statement that Nexans was a solid and important partner. "The contract was won in tough, interna

Braemar ACM fires up futures growth with new team in placeFormer Clarksons trio begin trading on FFA desk as CEO envisages 'massive growth'

TS Shipping MSV heading to CanadaEstonian owner charters out icebreaking support ship for five successive summers.

Three charged after drugs found on NSC shipCocaine discovered in sea chest of German vessel in Halifax.

SeaBird fixes laid-up seismic shipNorway's SeaBird Exploration has won a seismic survey contract in the Asia Pacific region. The letter of award obliges the owner to provide a ship for work in the third quarter. The job will last three months, with the company deploying the 1,400-dwt Voyager Explorer (built 2005). Clarksons and Equasis lists the vessels as laid up. It is anchored in Malaysia.

Docker's widow sues over bulker death$15m action against Taiwanese owner after mooring line snapped in US.

Carnival Corp cruiseship tipped for China buyerSecond of two recent sales by cruise giant may be headed to China Travel Service

Port of Thunder Bay to undergo upgradesThe Canadian government is investing C$7.5 million (U.S. $5.7 million) in transportation infrastructure at the Port of Thunder Bay along Lake Superior.

Chinese goods subject to duties drawback eligibleGoods subject to Section 301 duties on imports from China will be eligible for drawback, U.S. Customs and Border Protection said in a Tuesday CSMS message.

Largest U.S.-flag containership christenedMatson, a leading Jones Act carrier, to both Hawaii and Alaska on Saturday christened the largest containership ever built in the United States at the Philly Shipyard.

Danaos profits slide on debt refinancingDanaos Corp. saw its net income slide 18.7 percent to just shy of $15 million in the first quarter of 2018, according to the company's latest financial statements. The Athens-based containership owner and lessor posted earnings per share of $0.14 for the quarter compared with $0.17 per share in the same 2017 period despite operating revenues ticking up 1.6 percent to $111.9 million. Danaos attrib

Port of Virginia dredging project moving forwardA project to deepen and widen the commercial shipping channels serving Norfolk Harbor can now move forward after getting the necessary approval from the U.S. Army Corps of Engineers, the Port of Virginia said Monday.

Tariff hikes cast U.S. ports into murky watersWhile many U.S. ports are reporting record cargo volumes, port executives also are expressing concern about what impact increased tariffs - both tariffs imposed by the Trump administration on imports into the U.S. as well as retaliatory tariffs by its trading partners - may have on future traffic.

FAS announces updated agricultural safeguard triggersThe Agriculture Department Foreign Agricultural Service (FAS) on Tuesday announced updated quantity-based trigger levels for products that may be subject to additional import duties under the safeguard provisions of the World